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Gold/Mining/Energy : Gold Price Monitor

GDXJ 106.90

+0.1%

4:00 PM EST

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To: long-gone who wrote (31403)	4/9/1999 5:27:00 PM
From: John Hunt	Read Replies (1) of 116795

Commitment of Traders Figures From Kaplan's Site << As of April 6, 1999, released at 3:30 p.m. on April 9, 1999, the commitments for COMEX gold futures show commercial insiders long 139,047, short 47,357; speculators long 9,350, short 97,713. Small traders were long 29,479, short 32,806. This represents an all-time record bullish position. The average historic ratio for commercials is 2:3 long to short; for speculators, 2:1 long to short. During gold's price drop and even during its recent period of relative stability, commercials have gone very heavily net long once again, which has set the stage for a sharp rebound in the price of the yellow metal. This indicator has risen once again to EXTREMELY BULLISH. >> goldminingoutlook.com Hey guys ... Believe it or ignore it ... I couldn't care less, I am only the messenger. < g > John

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